Delta Petro (NASDAQ: DPTR), an oil & gas exploration and development company, is recently down 68 cents to $17.60. DPTR is holding an analyst meeting in Colorado on December 13. WTI Crude futures are up 2.06% to $89.67, according to Bloomberg. DPTR December 20 calls have traded 143 times on transaction volume of 6,372 contracts, above its open interest of 2,368 contracts. DPTT December 17.5 straddle is $2.70. DPTR January option implied volatility of 87 is above its 26-week average of 56 according to Track Data, suggesting decreasing price fluctuations.
Daily Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
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